Monday, August 08, 2005

China's Huawei in Talks to Buy Marconi

From Huawei in talks to buy British partner Marconi

"Huawei Technologies Co., China's biggest maker of telecommunications equipment, is considering buying Britain's Marconi Corp. PLC in the latest foreign takeover bid by a Chinese company, news reports said.
The deal could be worth 560 million British pounds, or $1 billion, the Sunday Times of London reported. The talks also were reported by the Financial Times, which said analysts don't believe Marconi can survive as an independent company."

"The company effectively put itself up for sale in May after losing out on a 10 billion pound ($5.7 billion) contract to build a new network for British Telecom, its biggest customer, according to the Financial Times. Huawei was one of eight companies selected by BT on the network contract, according to the Financial Times.

Marconi and Huawei signed a partnership deal in May under which the British firm will market Huawei's network technology in Europe while the Chinese company sells Marconi's wireless equipment in Asia, according to the Sunday Times."

Read more:
Chinese Equipment Vendor Huawei on a Roll - Deepens DSLAM Penetration
Huawei Technologies Has Yet to Win Much U.S. Business
China’s 3G attack, via Europe - ZTE, Huawei clinching important deals in Europe
Huawei Forecasts Triple Europe Sales
Chinese Equipment Vendor Huawei on a Roll - Deepens DSLAM Penetration
Huawai gaining attention of North American carriers
Huawei Unveils God Box


At 9:21 PM, Blogger cc Infopage said...

Yahoo News

Microsoft, Yahoo Reportedly Ready To Link Instant-Messaging Services (TechWeb via Yahoo! News)
Microsoft and Yahoo are expected to announce Wednesday interoperability between each other's instant messaging service, a move that could dramatically change a market that's been dominated by America Online Inc., a newspaper reported.

Today's News From & About Yahoo

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